PennyMac Mortgage Investment Trust (NYSE:PMT)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $20.20 and last traded at $19.98, with a volume of 307172 shares. The stock had previously closed at $20.17.

Several research firms have commented on PMT. Zacks Investment Research cut shares of PennyMac Mortgage Investment Trust from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 20th. Barclays lifted their price target on shares of PennyMac Mortgage Investment Trust from $15.00 to $18.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 25th.

The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.60 and a current ratio of 0.60. The firm has a market capitalization of $1.22 billion, a P/E ratio of 15.40 and a beta of 0.41.

PennyMac Mortgage Investment Trust (NYSE:PMT) last posted its quarterly earnings results on Thursday, August 2nd. The real estate investment trust reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.10. The company had revenue of $82.99 million for the quarter, compared to analysts’ expectations of $70.85 million. PennyMac Mortgage Investment Trust had a net margin of 36.14% and a return on equity of 8.37%. During the same quarter in the previous year, the firm posted $0.38 EPS. equities analysts predict that PennyMac Mortgage Investment Trust will post 1.49 earnings per share for the current year.

In related news, Director Paul Dufauchard Jr. Preston sold 5,300 shares of PennyMac Mortgage Investment Trust stock in a transaction that occurred on Monday, August 13th. The shares were sold at an average price of $19.52, for a total value of $103,456.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Marianne Sullivan purchased 3,015 shares of the stock in a transaction that occurred on Friday, August 31st. The stock was bought at an average cost of $19.95 per share, for a total transaction of $60,149.25. The disclosure for this purchase can be found here. Insiders sold a total of 31,790 shares of company stock worth $605,990 in the last ninety days. 2.46% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in PMT. Rhumbline Advisers grew its stake in PennyMac Mortgage Investment Trust by 111.8% in the 1st quarter. Rhumbline Advisers now owns 148,085 shares of the real estate investment trust’s stock valued at $2,670,000 after buying an additional 78,158 shares in the last quarter. Comerica Bank purchased a new position in PennyMac Mortgage Investment Trust in the 1st quarter valued at approximately $1,178,000. New York State Teachers Retirement System purchased a new position in PennyMac Mortgage Investment Trust in the 1st quarter valued at approximately $620,000. SG Americas Securities LLC grew its stake in PennyMac Mortgage Investment Trust by 10.0% in the 1st quarter. SG Americas Securities LLC now owns 41,359 shares of the real estate investment trust’s stock valued at $746,000 after buying an additional 3,771 shares in the last quarter. Finally, American Century Companies Inc. purchased a new position in PennyMac Mortgage Investment Trust in the 1st quarter valued at approximately $3,145,000. Institutional investors and hedge funds own 67.35% of the company’s stock.

About PennyMac Mortgage Investment Trust (NYSE:PMT)

PennyMac Mortgage Investment Trust, a specialty finance company, invests primarily in residential mortgage loans and mortgage-related assets in the United States. The company's Correspondent Production segment engages in purchasing, pooling, and reselling newly originated prime credit mortgage loans directly or in the form of mortgage-backed securities (MBS).

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